Suppliers Take Path to Alternative Powertrains
With interest in alternative powertrains heating up, a mix of suppliers and original equipment manufacturers discussed in their latest earnings reports how they are preparing to help customers who face more options than ever.
May 7, 2019Amazon One-Day Shipping Lifts Startups Serving Retailer’s Competition
Amazon's pledge last month to pump $800 million into making next-day delivery the new standard upped the pressure on its brick-and-mortar rivals to spend more trying to catch up all over again.
May 7, 2019Anadarko Accepts Occidental Petroleum Bid; Chevron to Make Counteroffer?
Anadarko Petroleum Corp.’s board has declared Occidental Petroleum Corp.’s sweetened $38 billion takeover “superior,” giving Chevron Corp. until May 10 to either boost its offer or walk away from the oil industry’s biggest deal in at least four years.
May 7, 2019China Prepares Retaliatory Tariffs as Chief Negotiator Heads to US
China’s top trade negotiator Liu He will travel to the United States this week for high-stakes talks as prospects dimmed for maintaining a fragile truce after President Donald Trump threatened to raise tariffs on Chinese goods starting May 10.
May 7, 2019Mexico Border Delays Seen Weighing on US Investment, Factories
More cargo from Mexico to the United States is being held up at the border, accompanied by increasing evidence that such delays are dimming prospects for American companies.
May 7, 2019Wisconsin Truck Driving Championships Promise Family Fun
Last year’s Wisconsin Truck Driving Championships Grand Champion win by XPO Logistics’ Jeff Langenhahn was said to be a “family affair” due to his dedicated practice time with his wife and children. This year, the Wisconsin Motor Carriers Association is taking the role that family plays in drivers’ success to heart with the addition of a Family Fun Zone.
May 7, 2019U.S. Xpress Revenue Dips Due to Lower Spot Rates
U.S. Xpress Enterprises Inc. saw revenue take a dip in the first quarter but saw its highest first-quarter net income ever, according to a news release from the company.
May 7, 2019Grain Markets Dive to 42-Year Low After Trump’s Trade Tweets
Soybean and corn futures slumped after tweets from Donald Trump that threaten an escalation of the U.S.-China trade war, frustrating battered American producers hoping for a quick resolution.
May 7, 2019Trump’s Tariffs on Chinese Electric Cars Seen Likely to Last
With China bent on dominating the future of electric vehicles, President Donald Trump is likely to erect trade barriers targeting that technology in the form of stiff new tariffs that will have staying power, according to a consultant on the country’s auto market.
May 7, 2019GM Self-Driving Unit’s Valuation Swells to $19 Billion
General Motors Co.’s self-driving unit drew $1.15 billion in fresh investment, with T. Rowe Price Associates Inc. joining existing backers, including Honda Motor Co. and SoftBank Vision Fund.
May 7, 2019